Rogers Communications Inc. (TSE:RCI.B) Receives C$74.88 Consensus Price Target from Analysts

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) has been assigned a consensus rating of “Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$74.88.

Several equities research analysts have recently commented on RCI.B shares. National Bankshares dropped their target price on shares of Rogers Communications from C$78.00 to C$76.00 and set an “outperform” rating for the company in a research report on Tuesday, April 9th. Scotiabank reduced their target price on Rogers Communications from C$75.50 to C$71.50 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. TD Securities raised their target price on Rogers Communications from C$84.00 to C$88.00 and gave the company an “action list buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada dropped their price target on Rogers Communications from C$73.00 to C$68.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. lowered their price objective on Rogers Communications from C$90.00 to C$81.00 in a research report on Tuesday, April 2nd.

Rogers Communications Price Performance

Shares of Rogers Communications stock opened at C$53.59 on Friday. The firm has a market cap of C$22.51 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 0.92 and a beta of 0.54. The company’s fifty day simple moving average is C$57.27 and its two-hundred day simple moving average is C$58.49. The company has a quick ratio of 0.58, a current ratio of 0.89 and a debt-to-equity ratio of 442.92. Rogers Communications has a 12-month low of C$50.15 and a 12-month high of C$67.67.

Rogers Communications Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.